Sunday, February 28, 2010

Some fear California's high-speed rail won't deliver on early promises

The L.A. Times reports:
Despite a new $2.25-billion infusion of federal economic stimulus funding, there are intensifying concerns -- even among some high-speed rail supporters -- that California's proposed bullet train may not deliver on the financial and ridership promises made to win voter backing in 2008.

Estimates of ticket prices between Los Angeles and San Francisco have nearly doubled in the project's latest business plan, pushing ridership projections down sharply and prompting new skepticism about data underpinning the entire project.

This was supposed to be one of Obama's great central planning ideas with other people's money.